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    BSP tracks strong outflows, weak inflows in October amid global uncertainty

    The Bangko Sentral ng Pilipinas (BSP) on Friday reported a shift in foreign investment flows for October 2024, with net outflows amounting to USD529.68 million.

    Inflation pressures remain as weather, peso weigh on prices

    The Bangko Sentral ng Pilipinas (BSP) on Friday projected that inflation for November 2024 will settle within the range of 2.2 percent to 3 percent.

    Strategic liquidity management helps fuel 10-month loan growth

    Lending activity among banks remained robust in October, with universal and commercial banks (U/KBs) reporting a 10.6 percent year-on-year expansion in outstanding loans, slightly easing from the 11 growth in September, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

    National government posts P6.3B surplus in October

    The national government (NG) reported a strong fiscal performance in October, recording a P6.3 billion surplus, a significant turnaround from the P34.4 billion deficit in the same month last year. 

    MGen expands coal-fired plans despite moratorium

    Manila Electric Co.'s (Meralco) power generation arm, Meralco Power Gen Corp. (MGen), is actively pursuing the development of new coal-fired power plants, despite a government-imposed moratorium on new coal projects.

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    More LGUs comply with PH waste laws

    The Department of Environment and Natural Resources (DENR) reported a notable increase in compliance with the country's solid waste management laws, with 328 local government units (LGUs) securing approved 10-year Solid Waste Management Plans (SWMPs) from July 2022 to June 2025.

    Cebu Pacific shifts turboprop operations to Clark

    Cebu Pacific is transferring more of its turboprop aircraft operations from Manila’s Ninoy Aquino International Airport (NAIA) Terminal 2 to Clark International Airport, effective 26 October 2025.

    Security Bank ups bid for Home Credit PH stake

    Security Bank Corp. has raised its acquisition price for a 25percent stake in Home Credit Philippines to ₱11.59 billion, marking a ₱1.22-billion increase from its initial offer to MUFG Bank Ltd., which currently holds the shares.

    DITO backs Konektadong Pinoy Law, cites business and security opportunities

    DITO Telecommunity Corp. announced Thursday it will not oppose the newly enacted Konektadong Pinoy Act, choosing instead to participate actively in shaping its implementing rules and regulations (IRR), particularly on cybersecurity and service standards.

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